MYLVX Fees and Costs — Madison Large Cap Value Fund, Large Cap Value Fund Class Y
Data updated: 2020-09-22
The net expense ratio is 0.91%: a 0.55% management fee plus 0.36% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $98K in broker commissions, 0.1402% of average net assets, and portfolio turnover was 71%.
MYLVX Fees and Expenses
Annual operating expenses and sales charges of MYLVX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MYLVX Costs Over Time
On $10,000 invested in MYLVX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.91%) | $96 | $298 | $516 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
MYLVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1402%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): $370.8M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $18K (0.025% of average net assets)
MYLVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company, L.L.C. | $27K | 27.32% |
| Sanford C. Bernstein & Co., LLC | $23K | 23.49% |
| Weeden & Co. L.P. | $21K | 21.75% |
| Robert W. Baird & Co. Incorporated | $13K | 12.84% |
| RBC Capital Markets, LLC | $8K | 8.32% |
| Luminex Trading & Analytics LLC | $3K | 3.17% |
| Morgan Stanley & Co. LLC | $2K | 2.16% |
| J.P. Morgan Securities LLC | $943 | 0.96% |
MYLVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $370.8M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.